Internal Audit Services Finance Wales
Internal audit services for Finance Wales plc, its subsidiaries and associate company (“the FW Group”).
UK-Cardiff: accounting and auditing services
Section I: Contracting authority
Finance Wales, 3rd Floor, Oakleigh House, Park Place
For the attention of: Miss Sarah Patnett
CF10 3DQ Cardiff
Telephone: +44 2920338134
Fax: +44 2920338101
General address of the contracting authority: http://www.financewales.co.uk
Address of the buyer profile: http://www.financewales.co.uk
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)
Section II: Object of the contract
Service category No 9: Accounting, auditing and bookkeeping services
Main site or location of works, place of delivery or of performance: UKL22.
NUTS code UKL22
Community Benefits do not apply to this contract.
The primary role is to provide the Chief Executive Officer (Accounting Officer) with an opinion on and evaluation of the adequacy, reliability and effectiveness of the Company’s risk management, internal control and governance systems. All of the Company’s activities fall within the scope of the service to be provided.
The key attributes of the successful tenderer will be the ability to demonstrate in order of significance:
— financial services expertise,
— experience of the Financial Services Authority,
— European Grant regime knowledge,
— Awareness of the Public Sector audit regime (GIAS).
The work of Internal Audit is to be carried out in accordance with the standards set out in the Government Internal Audit Standards (GIAS) and Government Information Systems Audit Manual (GISAM) and with any subsequent amendments to those standards as advised by HM Treasury, plus any legal and regulatory requirements as applicable in the delivery of this contract. A significant portion of the organisation is subject to regulation by the Financial Services Authority (FSA) and consideration should also be given as to how compliance with their requirements might best be tested.
Further information can be obtained from the Invitation to Tender which can be accessed here: http://www.financewales.co.uk/about_us/procurement.aspx.
Provisional timetable for recourse to these options:
in months: 60 (from the award of the contract)
Section III: Legal, economic, financial and technical information
(b) is the subject of proceedings for a declaration of bankruptcy, for an order for compulsory winding-up or administration by the courts or for an arrangement with creditors or is the subject of any other similar proceeding under national laws or regulations;
(c) has been convicted of an offence concerning his professional conduct by a judgement which has the force of res judicata;
(d) has been guilty of grave professional misconduct proven by any means which the contracting authorities can justify;
(e) has not fulfilled obligations relating to the payment of social security contributions in accordance with the legal provisions of the country in which he is established or those of the country of the contracting authority;
(f) has not fulfilled obligations relating to the payment of taxes in accordance with the legal provisions of the country in which he is established or those of the country of the contracting authority;
(g) is guilty of serious misrepresentation in supplying the information required under the provisions of the Directive on the criteria for qualitative selection;
Further information can be obtained from the Invitation to Tender http://www.financewales.co.uk/about_us/procurement.aspx.
(c) statement of turnover for a maximum of the last 3 years.
Further information can be obtained from the Invitation to Tender. http://www.financewales.co.uk/about_us/procurement.aspx.
As specified in the Invitation to Tender http://www.financewales.co.uk/about_us/procurement.aspx.
Reference to the relevant law, regulation or administrative provision: Consultants are registered auditors eligible to conduct audits under the Companies Act 1985.
Section IV: Procedure
Oakleigh House, Cardiff.
Persons authorised to be present at the opening of tenders: yes
Additional information about authorised persons and opening procedure: Sarah Patnett – Business Services Manager.
Section VI: Complementary information
Reference to project(s) and/or programme(s): JEREMIE Fund – JEREMIE is the acronym for the Joint European Resources for Micro to Medium Enterprises Initiative of the European Commission’s Directorate General for Regional Policy (DG Regio).
If an appeal regarding the award of a contract has not been successfully resolved, the Public Contracts Regulations 2006 (SI2006 No 5) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland). Any such action must be brought promptly (generally within 3 months). Where a contract has not been entered into the Court may order the setting aside of the award decision or order the authority to amend any document and may award damages. If the contract has been entered into the Court may only award damages.
VI.5)Date of dispatch of this notice:9.2.2012